WASHINGTON, D.C. — Berkadia has arranged a $9.5 million refinancing loan for July Residential’s Bonsai Apartments, a newly constructed, 41-unit community in Washington, D.C.’s H Street corridor. The lender was Revere Capital, which provided a two-year floating-rate loan. Berkadia’s Mitch Sinberg, Matt Robbins, Scott Wadler and Brad Williamson of Berkadia Boca Raton and Miami, alongside Brian Gould of Berkadia D.C. Metro, arranged the financing. The transaction closed on Dec. 29.
July Residential is headquartered in New York City with offices in Washington, D.C., and Boca Raton, Florida. The owner-operator’s portfolio consists of approximately 12,000 units valued at about $2 billion. Bonsai was completed in 2024 and is located at 1214 Bladensburg Road, about 7 miles northeast of Ronald Reagan Washington National Airport. The four-story community offers a mix of studio, one- and two-bedroom floor plans ranging from 442 to 940 square feet, with Japanese-inspired finishes. In-unit features include keyless entry, floor-to-ceiling windows, wood-plank flooring, recessed lighting, slow-close cabinetry, quartz countertops and soaking tubs. Amenities include a fitness center, a rooftop lounge, bike storage and package concierge services.